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Tag: Chinese billet import prices

  • China: Billet import prices drop on weak re-bar futures

    China: Billet import prices drop on weak re-bar futures

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    by

    Vaibhav Dubey
    in

    China’s billet import prices fell by around $10/t on weak futures prices. The current billet import price was reported at $700-705/t CFR against $710-715/t CFR last week. As per SteelMint data, re-bar futures contract on the Shanghai Futures Index (SHFE) for Jan’22 delivery closed today at RMB 5,492/t ($852/t), witnessing a sharp, d-o-d, fall of…